5:17PM: Pierre LeBrun tweets “Am told league offer also will allow teams to go over salary cap in Year 1 – up to $70 M max – as part of transition rules”

Adam Rotter: I think the owners pulled a strategic move with their proposal today and their claim to try and save the 82 game season. They have taken the “big” step and now it’s on the players to take their step. I don’t think we will see an 82 game season, there is still a lot of negotiating that needs to happen, but I am confident that we will see hockey this year and I think that a start date of Thanksgiving, or around then is entirely possible with a schedule of 60-65 games.